The Hourly View for LTC
Last Updated July 1, 2021, 02:047 GMT
At the time of this writing, LTC’s price is down $-2.04 (-1.42%) from the hour prior. It’s been a feast for bulls operating on an hourly timeframe, as LTC has now gone up 8 of the past 10 hours. Regarding the trend, note that the strongest trend exists on the 100 hour timeframe. Most noteworthy in the world of moving averages on the hourly chart is that the 50 hour moving average has been crossed, with price now being below it. The moving averages on the hourly timeframe suggest a choppiness in price, as the 20, 50, 100 and 200 are all in a mixed alignment — meaning the trend across timeframes is inconsistent, indicating a potential opportunity for rangebound traders.
Litecoin Daily Price Recap
Litecoin came into today up 0.15% ($0.21) from the open of yesterday, marking the 5th consecutive day it has gone up. This move happened on lower volume, as yesterday’s volume was down 26.61% from the day before — and down 38.78% from the same day the week before. Relative to other instruments in the Top Cryptos asset class, Litecoin ranked 5th since yesterday in terms of percentage price change. Below is a daily price chart of Litecoin.
Litecoin Technical Analysis
The first thing we should note is that Litecoin is now close to its 20 day moving averages, which may act as price barrier for the asset. The clearest trend exists on the 30 day timeframe, which shows price moving down over that time. Or to view things another way, note that out of the past 14 days Litecoin’s price has gone up 9 them. As for those who trade off of candlesticks, we should note that we’re seeing pin bar pattern appearing here.
Overheard on Twitter
Behold! Here are the top tweets related to Litecoin:
- From CaptainGroyp:
Please learn how to use litecoin. It really isn’t that hard and makes our lives so much less difficult…It takes five minutes and is basically credit card processing but better, no middleman. Direct payments and settlementsCrypto frees us from the globalist financial system
- From CaptainGroyp:
ANNOUNCEMENT: We have changed the pricing guide to the merch store. All Litecoin payments will no longer include a litecoin fee, all eCheck payments will now include a 20% fee. We strongly encourage the use of litecoin for the best experience with all NJF Products.
- From SilverseasTV:
Can someone interested in #Litecoin give me your honest opinion on why it’s better than $NANO?Why is it as popular as it is? Is there more to it than just being one of the first altcoins?I’m surprised they haven’t jumped ship for Nano, it does what LTC set out to, but better.